PACCAR Inc. (PCAR) recorded earnings of $2.13 per share for the second quarter of 2024, which lagged the Zacks Consensus Estimate of $2.15 per share and also declined from $2.33 per share recorded in the year-ago period. The underperformance mainly stemmed from lower pretax profit from the Trucks and Financial Services segment.Consolidated revenues (including trucks and financial services) came in at $8.77 billion, down from $8.88 billion in the corresponding quarter of 2023. Sales from Trucks, Parts and Ot ...

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财务数据和关键指标变化 - 公司实现了优秀的第二季度收入88亿美元和净利润11.2亿美元 [8] - PACCAR零件业务第二季度收入增加到17亿美元,毛利率达到30.3% [8] - PACCAR金融业务实现了1.11亿美元的良好税前利润 [9] - 卡车、零件和其他业务毛利率在第二季度达到18%,非常强劲 [9] 各条业务线数据和关键指标变化 - 在美国和加拿大市场,专业车型(Peterbilt和Kenworth)保持强劲,占据市场领先地位 [10] - 中型卡车市场需求也保持强劲,Kenworth和Peterbilt前六个月的市场份额从去年同期的12.8%增加到17.3% [11] 各个市场数据和关键指标变化 - 欧洲经济和卡车市场今年较为疲软,但DAF高端新车为客户提供最新技术和最佳运营效率 [12] - 南美是PACCAR地理增长的一个地区,DAF巴西前六个月的市场份额从去年同期的9.2%增加到10.3% [13] 公司战略和发展方向及行业竞争 - 公司正在扩大全球制造能力,对未来充满信心 [13] - 公司与康明斯、戴姆勒卡车和EVE Energy成立的电池合资企业Amplify Cell Technologies正在建设新工厂 [13] 管理层对经营环境和未来前景的评论 - 公司认为美国和加拿大的专业车型和中型卡车市场需求保持强劲 [10][11] - 欧洲市场较为疲软,但DAF高端新车表现良好 [12] - 南美市场是公司地理增长的一个重点区域 [13] 其他重要信息 - 公司计划2024年的研发投资为4.6亿美元至4.8亿美元,资本投资为7.25亿美元至7.75亿美元,以支持产能扩张和技术创新 [17] 问答环节重要的提问和回答 问题1 **Steven Volkmann 提问** 对于公司不断增加的研发和资本支出,是否存在监管政策变化的风险 [19] **Preston Feight 回答** 公司有很多值得投资的好项目,包括排放技术和提高车辆运营效率等,不太可能出现监管大幅变化,最多是时间上的调整 [20][21] 问题2 **Steven Fisher 提问** 第三季度17%的卡车、零件和其他业务毛利率是否存在一次性因素 [24] **Preston Feight 回答** 主要是由于欧洲的季节性停产以及运输公司运费偏低的影响 [25][26] 问题3 **Tami Zakaria 提问** 第三季度交付量预期下调的原因 [32][33] **Preston Feight 回答** 专业车型市场仍然强劲,但运输公司运费偏低拖累了整体市场 [33][34]

文章核心观点 - 尽管面临一些挑战,但Paccar股票看起来很便宜 [1] - Paccar公司第二季度营收和利润表现出色,但利润同比下降8.6% [2][3][4] - 公司市场份额大幅提升,达到31.5% [5] - 公司预计未来一年内美加Class 8大卡车市场将下降15% [6][7] - 但Paccar股票目前估值较低,股息率高达4%,可能是一个不错的买入机会 [8] 公司表现 - 第二季度营收达88亿美元,超出分析师预期 [3] - 每股收益2.13美元,略低于预期2.14美元 [3] - 年初至今每股收益达4.40美元,同比增长18% [5] - 公司在Class 8大卡车市场的份额达到31.5% [5] 行业趋势 - 预计未来一年内美加Class 8大卡车市场将从305,000辆下降至260,000辆,下降15% [6][7] - 尽管市场整体下滑,但Paccar公司仍能通过提升市场份额来实现业绩增长 [7]

Paccar (PCAR) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.93%. A quarter ago, it was expected that this truck maker would post earnings of $2.17 per share when it actually produced earnings of $2.27, delivering a surprise of 4.61%.Over the last four quarters, the company has su ...

Exhibit 99.1 FOR IMMEDIATE RELEASE PACCAR Achieves Excellent Quarterly Revenues and Profits | --- | --- | |----------|-------------------------| | Contact: | Ken Hastings | | | (425) 468-7530 | | | ken.hastings@paccar.com | PACCAR Inc Public Affairs Department P.O. Box 1518 Bellevue, WA 98009 July 23, 2024, Bellevue, Washington– "PACCAR achieved excellent revenues and net income in the second quarter of 2024," said Preston Feight, chief executive officer. "PACCAR's truck and Parts operations achieved robust ...

PACCAR (PCAR) is slated to release second-quarter 2024 results on Jul 23, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share and revenues is pegged at $2.14 and $8.33 billion, respectively.For the second quarter of 2024, the consensus estimate for PACCAR’s earnings per share has remained unchanged over the last 60 days. Its bottom-line estimates imply a decline of 8% from the year-ago reported number. The Zacks Consensus Estimate for its quarterly revenues s ...

文章核心观点 - 公司最新交易日的股价为109.21美元,较前一交易日上涨0.29% [1] - 公司股价在过去一个月内上涨1.1%,但低于行业平均涨幅22.9%和标普500指数4.43%的涨幅 [2] - 公司预计将于2024年7月23日公布季度财报,预计每股收益为2.14美元,同比下降8.15%;预计收入为83.3亿美元,同比下降1.29% [3] - 全年来看,公司预计每股收益为8.35美元,同比下降13.11%;收入为323.5亿美元,同比下降2.89% [4] 行业分析 - 公司所属的汽车-国内行业目前在250多个行业中排名第187位,属于较弱的行业 [10][11] - 该行业的平均市盈率为12.08倍,而公司的市盈率为13.04倍,处于溢价水平 [8] - 公司的市盈率增长比率(PEG)为1.3,高于行业平均水平1.25 [9] 投资评级 - 分析师对公司的预测盈利有所下调,过去一个月下调0.14% [5][7] - 公司目前被评为Zacks Rank 4(卖出)评级 [7]

pidjoe/iStock Unreleased via Getty ImagesWhy does Paccar beat the market? How do we beat the S&P 500 (SPY)? A simple strategy is to be overweight on the top 10 names. But what if we want to selectively pick our stocks independently from the market cap, but solely base our choice on fundamentals? Paccar (NASDAQ:PCAR) is a stock that has beaten the index over the past five years and its shares have delivered a total return close to 160% while the S&P 500 is just above 100%. Interestingly, Paccar is not a ...

The market expects Paccar (PCAR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July ...